Pay dirt hard to find for new breed of resource funds

Former executives in oil and mining have been on the fundraising trail – but few have done deals

Out-of-work mining executives used to tell former colleagues that they were “consulting”. Now, they’re more likely to say they are “raising an investment fund”.

Several funds, both large and small, led by former mining specialists have sprung up to invest in the risky but at times highly lucrative sector in recent years.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire